Bitcoin-based online gambling

plommer

Il meglio deve ancora venire.
Since
Jan 27, 2010
Messages
26,607
How ERECT are you right now that BTC is experiencing a correction?

Be honest.
I got no skin in the game. Don't care one way or the other but I personally would discourage any newbies from getting involved in the "market" at this point in time.

Bitcoin is a pyramid. When fresh "investors" stop entering the market this crypto will collapse, and then be replaced with something newer.
You've been fortunate in that you were in before many others and hold a position closer to the top than the bottom.

Bottom line is bitcoin is software and nobody needs it to live their lives.

When cryptos first appeared they were just a novelty. Then criminals discovered they could be trusted and used to move money around, and now all ransomware requires the victim to pay out in BTC.

As long as crypto remains unregulated, it's not practical as a method of payment...unless you're a crook who doesn't mind if you only get $90M for the cocaine shipment instead of $100M.

There are still people gambling and winning on bitcoin but everyone can't win. Losers are needed to pay the winners.

Blockchain is here to stay, but no government is ever going to allow the national currency to be subjugated to a cryptocurrency that it cannot control. They'll figure out how to control cryptos, just like existing currencies. Rest assured, BTC won't become the defacto currency of any G8 country.
 
Last edited:

Blitty

rake922
Since
Jan 27, 2010
Messages
22,244
03D99F27-E86C-4EEF-9987-998075CCC163.jpeg
 

plommer

Il meglio deve ancora venire.
Since
Jan 27, 2010
Messages
26,607
I want to make sure I'm using the right word.

Down 33% in 7 days is a dip right?

$18k loss in value.
 

Blitty

rake922
Since
Jan 27, 2010
Messages
22,244
Went down to 29k now back up to 36k

Tron buys the dips and sells the rips


he has a mysterious amount of btc:

between $100-$10000000 worth
 

reno cool

leave well enough alone
Since
Jan 29, 2010
Messages
19,480
I have .13 bitcoin. At one point it was worth maybe 8k. Can't say I'm crazy about loosing several k without even being aware. :dunno: but whacha gonna do?
 

plommer

Il meglio deve ancora venire.
Since
Jan 27, 2010
Messages
26,607
How ERECT are you right now that BTC is experiencing a correction?

Be honest.
Correction Versus Crash
In a correction, the 10% decline will manifest over days, weeks, or months. In a stock market crash, the 10% price drop occurs in just one day. These crashes can lead to a bear market, which is when the market falls another 10% for a total decline of 20% or more.

So pal its a crash, not a correction as its greater than 10% in one day.
 

roguejuror

south china sea
Since
Jan 24, 2010
Messages
58,184
Pretty soon China will ban all of crypto mining operations

It's calculated around 75% of BTC mining right now happens in China